961 results found for 'johan sverdrup'

961 results found for 'johan sverdrup'
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  • Top Videos of 2017

    2 January 2018
    Equipment, Operations & Maintenance

    Subsea World News has gathered the most popular videos of 2017. We have seen many interesting videos in the past year. Here are the industry’s most-watched clips of 2017: The Largest Jacket on NCS Standing 140 metres tall and weighing 26 000 tonnes, the first jacket for Johan Sverdrup is the largest on the Norwegian […]

  • Lundin profitable in 2Q. Curbs production guidance

    5 August 2015

    Lundin Petroleum, a Swedish independent oil and gas exploration and production company, has reported a profitable second quarter of the year with a net profit of $59.9 million, versus a $2.4 million loss for the second quarter of 2014. Revenues fell to $157.8 in the second quarter of 2015 from $225.4 million in the corresponding quarter of 2014. According […]

  • Lundin promotes COO to chief executive officer role

    19 August 2020
    Business & Finance, Business Developments & Projects, Human Capital, Outlook & Strategy

    Swedish oil company Lundin Energy has named a new president and chief executive officer (CEO) effective as of 1 January 2021.

  • Kvaerner delivers three large projects in Q2 2014

    16 July 2014
    Business & Finance, Project & Tenders

    Kvaerner has presented results for the second quarter in line with what the company has predicted. In addition, the order book has increased with new contracts and growth in existing projects. Operating revenues for the second quarter were $460 million (NOK 2 861 million), while they were $527 (NOK 3 278 million) in the corresponding quarter […]

  • Siemens to supply equipment for Equinor’s North Sea electrification project

    10 September 2021
    Business & Finance, Business Developments & Projects, Environment, Equipment, Project & Tenders, Technology, Transition

    Siemens Energy has won a contract from Aker Solutions to provide equipment for the electrification of Equinor’s Troll West project.

  • Aker BP posts loss in 3Q. Oil output below expected due to Valhall delays

    22 October 2019
    Business & Finance

    The Norwegian oil company Aker BP has posted a net loss for the third quarter, and a below expected production due to delays in the Valhall field well stimulation program.

  • Aker Solutions: Subsea Order Intake at Record High

    17 July 2014
    Business & Finance, Operations & Maintenance

    Aker Solutions is on track with a plan to split into two companies at the end of September, including one that will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas. Pro forma second-quarter revenue for the new Aker Solutions rose to NOK 8.1 billion […]

  • Aker profit drops despite revenue growth

    17 July 2014
    Business & Finance, Project & Tenders

    Aker Solutions is on track with a plan to split into two companies at the end of September, including one that will keep the current name and be comprised of the Subsea, Umbilicals, Engineering, and Maintenance, Modifications and Operations (MMO) areas. Pro forma second-quarter revenue for the new Aker Solutions rose to NOK 8.1 billion […]

  • Aker Solutions reveals good figures in 2021 start

    5 May 2021
    Business & Finance

    Aker Solutions has reported growth in both earnings and order intake in the first quarter of 2021, with about 35 per cent of new contracts related to the energy transition. In Q1 2021, Aker Solutions saw an EBITDA of NOK 427 million (approximately EUR 42.5 million), with a margin of 6.6 per cent, an increase […]

  • DNV GL Issues First RP for Subsea Documentation

    20 April 2015
    Business & Finance, Research & Development

    DNV GL led Joint Industry Project (JIP) involving twenty industry players has made the first issue of a Recommended Practice for Subsea Documentation Standardisation.  Working together the partners have invested considerable time to scope out and agree upon a set of typical subsea production systems (SPS) and functions with common terminology and a required minimum […]

  • Aker Solutions’ Subsea Business Becomes Market Winner, CEO Says

    13 February 2014
    Business & Finance, Operations & Maintenance

    Aker Solutions delivered its best quarter results of 2013 as an increased focus on execution, delivery of key projects and major contract wins boosted earnings. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to NOK 1.06 billion in the quarter, compared with NOK 1.09 billion in the year-earlier period. The prior-year figure includes a […]

  • Lundin sanctions Rolvsnes extended well test project

    4 April 2019
    Project & Tenders

    Lundin Norway has agreed the final investment decision to proceed with an extended well test (EWT) on the Rolvsnes weathered and fractured basement discovery on the Utsira High off Norway. 

  • Total profit falls despite output growth

    26 April 2019
    Business & Finance

    French oil and gas company Total recorded a 4 percent decrease in first quarter profit while its production grew by 9 percent. 

  • NPD: The Shelf in 2012 (Norway)

    11 January 2013

    Norwegian gas achieved record sales in 2012, while oil production declined more than expected. However, new profitable discoveries and a record number of developments in recent years form a basis for long-term value creation.

  • King Lear: Statoil’s New High Impact Discovery (Norway)

    2 July 2012
    Business & Finance

    Statoil has made a significant gas and condensate discovery in the King Lear prospect in the southern part of the Norwegian North Sea along with its partner Total E&P Norge. Exploration well 2/4-21 drilled by the jack-up rig Maersk Gallant in production licences 146 and 333, has proven a 48-metre gas/condensate column in the main […]

  • Statoil: Rising costs on NCS in focus at energy seminar in Bergen

    15 May 2014
    Business & Finance, Project & Tenders

    Statoil’s executive vice president for Development and Production Norway, Arne Sigve Nylund, together with Margareth Øvrum, executive vice president for Technology, Projects and Drilling, presented Statoil’s views on what it takes to achieve profitable production from the Norwegian Continental Shelf in the future. “The investment level on the NCS reached an all-time high in 2013. […]

  • Total’s profit slips as oil prices tumble

    5 May 2020
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy

    Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period.

  • Aker BP profit slips on lower sales volume and prices

    26 April 2019
    Business & Finance

    Norwegian oil and gas company Aker BP saw a decrease in its quarterly profit and revenues due to a combination of factors including lower sales volume and prices and higher costs.  According to Aker BP’s financial statements published on Friday, the company’s total income in 1Q 2019 was $836 million compared to $944 million in […]

  • NPD: Norway’s recoverable oil resources drop

    3 March 2015

    The Norwegian Petroleum Directorate has issued its resource accounts for the Norwegian continental shelf as of December 31, 2014. The NPD’s resource accounts estimate the total recoverable petroleum resources to be 14.1 billion standard cubic meters (Sm3) of oil equivalents (o.e.). This represents a slight decline from 2013. 6.4 billion Sm3, or 45 per cent of […]

  • Maersk Oil profits from cost cuts. Eyes North Sea merger options

    8 February 2017

    Danish oil company Maersk Oil, set to separate from the Maersk Group, will narrow its focus on the North Sea and continue cutting costs and exploration activities in 2017. In the financial report posted on Wednesday, Maersk Oil reported a $230 million profit for the fourth quarter of 2016, an improvement from a net loss […]

  • DNV GL Helps Trim Subsea Documentation

    13 June 2016
    Business & Finance, Equipment, Research & Development

    A two-year cross-industry project led by DNV GL has delivered a publicly available Recommended Practice which can reduce the amount of subsea documentation and enable documentation reuse in a typical subsea field development project. DNVGL-RP-O101 ‘Technical documentation for subsea projects’ details a required minimum set of documentation transferred between E&P companies, operators and contractors for the construction, […]

  • DNV GL’s guideline moves to trash excess subsea paperwork

    13 June 2016
    Equipment

    Offshore and maritime classification society DNV GL has launched a guideline which “trashes unnecessary subsea documentation.” According to DNV GL, customer-case shows potential for a 40% reduction in engineering hours on subsea paperwork, and up to 80% less documentation. The guideline “Technical documentation for subsea projects” details a required minimum set of documentation transferred between […]

  • Aker Solutions posts 4Q loss. Cuts dividend

    12 February 2016

    Aker Solutions, a Norway-based oilfield services provider, has reported a net loss for the fourth quarter of 2015, and it has decided not to pay dividend for 2015. The loss was NOK 250 million, compared to a net profit of NOK 359 million a year ago. Converted to US dollars 4Q net loss was $29 […]

  • Aker BP gearing up to sanction multiple oil & gas projects in December

    26 October 2022
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Transition

    Aker BP is preparing to make FIDs and submit plans for development and operations (PDOs) for several oil and gas projects by year-end.

  • Lower profit and revenues for Subsea 7 in 2Q

    25 July 2019
    Business & Finance

    Subsea 7 saw a decrease in both profit and revenues during the second quarter 2019 affected by lower activity in its Renewables and Heavy Lifting business unit.